secwatch.observer — SEC 8-K summary
======================================

Issuer:     Creative Media & Community Trust Corp (CMCT)
CIK:        0000908311
Form:       8-K
Filed at:   2023-02-24T23:59:59+00:00
Accession:  0000908311-23-000009
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CMCT closes co-investment sale of 80% interest in 4750 Wilshire for $34.4M
--------------------------------------------------------------------------

- Three international co-investors (Kanden Realty, Taisei USA, TO-4750 Wilshire) acquired 80% interest in 4750 Wilshire for ~$34.4M.
- CMCT retains 20% interest and will manage property; ongoing management fees and potential incentive fees.
- Proceeds will partly finance ~$31M conversion of two floors into for-lease multifamily units.
- Pro forma shows cash increase of $34.4M and investment in unconsolidated entity of $8.5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/908311/000090831123000009/0000908311-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/908311/000090831123000009/cmct-20230217.htm
  HTML page:      https://secwatch.observer/filing/0000908311-23-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer